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Although most often associated with Bitcoin, blockchain’s potential far exceeds digital currency to include a host of other industries, including telecommunications. The technology allows digital information to be distributed but not copied. Because a blockchain database isn’t stored in any single location, the records it keeps truly public and easily verifiable and therefore difficult for hackers to corrupt. This technology will be applicable to telcos networks in a variety of ways.​

Blockchain could lower network costs through efficiency gains, while service providers could save by relying less on third parties to complete a transaction.

Blockchain can offer a decentralized approach to telecom systems, which could help better secure the privacy of the end user experience.

As the telecom industry encompasses more internet of things (IoT) devices, blockchain’s decentralized control could help make the security of web connected devices more scalable.

​While blockchain is poised to disrupt typical business operations, unanswered questions about regulatory frameworks, security and privacy issues, and more still exist. Perhaps the biggest challenge of the new technology will be for telecom service providers to identify optimal entry points.